Bead Bar Network Paper Bead Bar is a company that has three branches: studios, franchises, and Bead Bar on Board. The studio sector of the company runs six bead bar studios. Besides the first, there are studios in New York City, on Long Island, in Washington, D.C., and in Boston, Massachusetts. The franchise branch markets a whole beading supply kit to companies that want to start their own bead studio. The branch is accountable for satisfying franchisees’ with their supply needs.
The online business platforms provides a consumer with a variety of options to choose from, as there are endless number of services and products available on the internet. Therefore, a consumer makes rational decisions before purchasing a product or a service. Due to a large number of sites available on the internet, even consumers in the developing countries have been able to break the barriers of distance and ignorance. These consumers are now able to own products that are not available in their country of origin. Information.
entertainment, investment, travel information, news and emails have made major contributions towards fulfilling the requirements of the public and business as well. This technology has been able to create all-around revolutions that have facilitated to provide an easy way for customers to shop online. As internet allows mass accessibility to the customers, it helps in satisfying their shopping requirements at large. It even allows the users to deliver feedbacks in relation to the products and services that are delivered to them by way of internet shopping. In relation to delivery of facts relating to products and services, shopping and communication, the role of internet can be studied in an in-depth manner (CS&E Dept, 2001).
Another thing global companies need to take into consideration is costs between countries and currencies as exchange rates can change dramatically, either reducing or increasing costs. While the main benefit of using the internet for value systems and supply chain management globally is communications, it also provides a number of new avenues for business owners to advertise and sell their product such as online stores (Amazon) and auctions (Ebay). This provides many companies the option to cut out steps from manufacturer to consumer thereby increasing profits.
Nowadays, customer databases are used by most organizations to help collecting and analyzing consumers’ information in an easier and flexible way. Identifying target clients, reinforcing competitive advantage, and improving product development are three benefits of using a customer database. The first benefit of using customer databases is recognizing target customers. When an organization is selling products or providing services without knowing the type of consumers they are dealing with, they may face a lot of problems such as having unclear marketing plans for expansion. In addition, marketing processes may be difficult for companies if there is lack of market segmentation, the process of dividing customers into groups that have similar needs, which can lead organizations to have a high risk of wasting time, money, energy or losing business.
For example, computers are helpful to businesses because they provide a fast and easy way to get needed information for business decisions. Therefore, technology and organization are essential to management information systems. Accounting involves the preparation, analysis, and communicati... ... middle of paper ... ...g with the company and what they should do to fix it. Finally, accounting and management information systems provides a person with a lot of career opportunities. Work Cited Allen, George.
A lot of data within the business field that can easily be managed is employee records, pay rates, student information, accounting, currency, and inventory on products (MindTap). These database management systems are built for versatility, and this allows users to have easier and more precise access of data. Database management systems save massive amounts of time because without them, tasks would have to manually be
This can meet the need of the customers who have not enough time (“The Internet and the Consumer Marketplace” ,2012).In other words, they can get into the online marketplace at any time, through Internet, even though they are lack of time to purchase goods they need from shops. By e-commerce, consumers can have interactions with sellers from different countries easily .It can help consumers to look for products that are unavailable in their countries (“The Internet and the Consumer Marketplace”, 2012).This means that consumers can find the products they want by interacting with the foreign sellers through the Internet conveniently. Under the condition of the rapid improvement of technological network and the bene... ... middle of paper ... ...h had a huge influence in the world. Works Cited 1. The Internet and the Consumer Marketplace: Chapter 2 — Consumers and Changing Retail Markets (2012).
Many businesses benefit from the organizational discipline CRM imposes, as well as from the technology itself. CRM can benefit and organization in that it can develop better communication channels; collect vital data, like customer details and order histories; create detailed profiles such as customer preferences; deliver instant, company-wide access to customer histories; Identify new selling opportunities. (Is4Profit, 2006, 1). CRM involves centralizing all customer data and automating much of the tedious work in managing sales, marketing, and customer service so that professionals can spend more time helping their customers become more successful and less time on administrative tasks. CRM has also come to include a new type of business intelligence software called analytics that provides managers with a real-time snapshot of their sales, marketing, and service efforts.
The business community is pretty busy with database management systems it makes it easier to keep important records and transform data into information from tracking inventory to tracking purchases. These systems also provide a data dictionary or spread sheets such as Microsoft Excel for each entry which makes it easier for the user to retrieve information when needed this is a great feature because time is crucial. DBMSs make it easier to organize data such as the tracking of sales and purchases. It would be wise for the Bead Bar to invest in a good DBMS to manage data storage, provide security for data, transform data into information and present it to users, and allow multiple user access. This is a safe, easy, and organized way to run a business.